[Federal Register Volume 71, Number 99 (Tuesday, May 23, 2006)]
[Page 29703]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 06-4756]



Export Express Pilot Program

AGENCY: U.S. Small Business Administration (SBA).

ACTION: Notice of Pilot Program extension.


SUMMARY: This notice announces the extension of SBA's Export Express 
Pilot Program until December 31, 2006. This extension will allow time 
for SBA to complete its decision making regarding potential 
modifications and enhancements to the Program.

DATES: The Export Express Pilot Program is extended under this notice 
until December 31, 2006.

FOR FURTHER INFORMATION CONTACT: Charles Thomas, Office of Financial 
Assistance, U.S. Small Business Administration, 409 Third Street, 
Washington, DC 20416; Telephone (202) 205-6490; [email protected].

SUPPLEMENTARY INFORMATION: The Export Express Pilot Program was 
established as a subprogram of the agency's SBAExpress Pilot Program. 
It was established in 1998 to assist current and prospective small 
exporters, particularly those needing revolving lines of credit. Export 
Express generally conforms to the streamlined procedures of SBAExpress, 
although it carries SBA's full 75-85 percent guaranty. The maximum loan 
amount under this Program is limited to $250,000. SBA previously 
extended Export Express until November 30, 2005 (70 FR 56962), and then 
again to May 31, 2006 (70 FR 71363), to consider possible changes and 
enhancements to the Program.
    The further extension of this Program until December 31, 2006, will 
allow SBA to more fully evaluate the results and impact of the Program 
and to consider possible changes and enhancements to the Program. it 
will also allow SBA to further consult with its lending partners and 
the small business community about the Program.

(Authority: 13 CFR 120.3)

James E. Rivera,
Associate Administrator for Financial Assistance.
[FR Doc. 06-4756 Filed 5-22-06; 8:45 am]